Lennar Co. (NYSE:LEN) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in Lennar Co. (NYSE:LEN - Free Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 761,904 shares of the construction company's stock after selling 8,072 shares during the period. LSV Asset Management owned 0.29% of Lennar worth $103,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of LEN. Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust acquired a new position in Lennar during the fourth quarter worth $25,000. Hurley Capital LLC purchased a new stake in Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar in the 4th quarter worth $28,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Lennar during the 4th quarter worth $32,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LEN has been the subject of several recent analyst reports. BTIG Research cut shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods lowered their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research report on Tuesday, March 25th. UBS Group reduced their target price on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Barclays lowered their price target on Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $150.07.

Remove Ads

Lennar Stock Up 0.6 %

Shares of Lennar stock traded up $0.63 during trading on Monday, hitting $105.87. 1,984,875 shares of the stock were exchanged, compared to its average volume of 2,558,564. The stock has a market cap of $27.93 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The firm's 50-day moving average price is $118.05 and its 200 day moving average price is $144.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.57 EPS. As a group, analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is 14.57%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.